In 2024, getting an MBA is changing! It used to be super expensive and only for fancy people, but not anymore. Now, you can go to the best business schools without spending a ton of money. Imagine going to a top school with great teachers and cool classes without worrying too much about the cost.

It’s not just about saving money; it’s about making sure you get a really good education that helps you in your job. So, it’s like opening up a new chapter where you can learn a lot, and it doesn’t hurt your wallet too much. Cool, right?

Why Study MBA in the USA?

The United States is well-known for having really good business schools. These schools provide great facilities, smart teachers, and good chances to find a good job after finishing your MBA. Here are some simple reasons why doing an MBA in the United States is a good idea:

1. Learn by Doing: In U.S. business schools, you don’t just read books. You also do things like internships and training programs. This helps you learn from experts and get ready for challenges in the real world.

2. Find Great Jobs: Many big and important companies, like the ones on the Fortune 500 list, are in the U.S. This means you have a good chance of getting a job with a really good company. The jobs often need you to be a leader and make important decisions.

3. Lots of MBA Graduates: Many people from around the world come to the U.S. to do their MBA. It’s the biggest place for MBA students, with over 125,000 people finishing their MBA every year. So, if you want to do an MBA, the United States is a popular and smart choice.

Cost of Studying MBA in the USA

The total cost of pursuing an MBA in the USA depends on the university and the lifestyle you choose. This cost can be divided into two main categories: tuition fees and living expenses.

For tuition fees, Indian students typically spend around $65,000 (INR 54,20,000) per year. This covers the cost of the MBA program and related academic expenses.

In addition, living expenses are estimated to be approximately $19,700 (INR 16,42,000) per year. These expenses include accommodation, food, transportation, and other daily living costs.

10 Most Affordable Universities in the USA for MBA

Here is a list of the 10 most affordable universities in the USA for MBA programs:

  • University of South Dakota
  • Cameron University
  • Southeast Missouri State University
  • Central Michigan University
  • Worcester State University
  • Minnesota State University
  • University of Buffalo
  • San Francisco State University
  • Missouri State University
  • University of Tampa

Explore cost-effective American business schools for international students on the upcoming page.

1. Northeastern State University 

Northeastern State University’s (NSU) MBA program encompasses advanced subjects in accounting, finance, economics, business analytics, and management. If you are seeking an affordable MBA option, the school makes a compelling case for being one of the most economical choices.

Location Tahlequah, Oklahoma
Accreditation Accreditation Council for Business Schools and Programs (ACBSP)
Tuition $251.00
Total Credits 36
Concentrations – Business Analytics
  – Native American Enterprises
  – General Management
  – Environmental Health and Safety Management
  – Healthcare Informatics
  – Long-Term Care
  – Accounting and Finance
  – Healthcare Administration

2. Georgia Southwestern State University

Georgia Southwestern State University provides education by blending the expertise of world-class faculty with practical community experience. Students gain knowledge about market ethics, values, and the influence of multicultural factors.

GSW provides a unique and enriching educational experience, with a focus on fostering student success and personal growth. With its rich history and commitment to academic excellence, Georgia Southwestern State University continues to be a sought-after institution for students seeking a quality education.

Location Americus, Georgia
Accreditation AACSB International
Tuition $257.00
Total Credits 30
Concentrations General Business

3. Fitchburg State University

Fitchburg State University offers an accredited online Master of Business Administration (MBA) in Management, designed to equip students with the skills needed for leadership positions in various business sectors. The program’s focus on participatory learning and its affordability make it an attractive option for those looking to advance their careers. 

Location Fitchburg, Massachusetts
Accreditation International Accreditation Council for Business Education (IACBE)
Tuition $275.00
Total Credits 30
Concentrations – Accounting
  – Healthcare Management
  – Human Resources Management
  – Management
  – Marketing
  – Supply Chain Management

4. Eastern New Mexico University

Eastern New Mexico University (ENMU) offers a variety of online graduate programs, including a Master of Business Administration (MBA). The MBA program is designed to be flexible, affordable, and accredited by the Accreditation Council for Business Schools and Programs (ACBSP). It emphasizes the development of managerial generalists and requires study in all major functional areas of business. 

Location Portales, New Mexico
Accreditation ACBSP
Tuition $297.25
Total Credits 30
Concentrations General Business

5. Missouri State University

The Master of Business Administration (MBA) program at the Missouri State University (MSU) College of Business is crafted to address evolving business requirements. The program accepts applications continuously, but it is recommended to apply early as seats are filled quickly.

Location Springfield, Missouri
Accreditation AACSB International
Tuition $309.00
Total Credits 33
Concentrations General Business

6. University of the Cumberlands

The University of the Cumberlands provides an MBA program specifically designed for busy professionals and students managing work and family responsibilities. The program’s flexibility is enriched by various concentrations, offering students the opportunity to tailor their degrees to their individual preferences.

Location Williamsburg, Kentucky
Accreditation IACBE
Tuition $315.00
Total Credits 37
Concentrations – Accounting
  – Project Management
  – Strategic Management
  – Entrepreneurship
  – Healthcare Administration
  – Marketing

7. Sam Houston State University

Sam Houston State University (SHSU) offers an online Master of Business Administration (MBA) program that is ranked as the best online MBA program in Texas by OnlineMBAToday.com. The program is accredited by the Accreditation Council for Business Schools and Programs (ACBSP) and is designed to be flexible and affordable. The tuition for the program is $320 per credit hour, and the program can be completed entirely online. 

Location Huntsville, Texas
Accreditation AACSB International
Tuition $320.00
Total Credits 36
Concentrations General Business

8. University of Central Arkansas

The University of Central Arkansas (UCA) offers an online Master of Business Administration (MBA) program that is designed to provide students with a pathway to faster career advancement and entry into new professions. The program is accredited by the Higher Learning Commission and the Association to Advance Collegiate Schools of Business (AACSB).

Location Conway, Arkansas
Accreditation AACSB International
Tuition $325.00
Total Credits 30
Concentrations – Health Care Administration
  – Information Management
  – Finance

9. Texas Tech University

Texas Tech University offers an Online Master of Business Administration (MBA) program through its Rawls College of Business. The program is 100% online and can be completed in as quickly as one year. Students are required to complete 42 credit hours to earn their MBA and can choose from several concentrations, such as Marketing, Health Care Administration, and Information Technology.

Location Lubbock, Texas
Accreditation AACSB International
Tuition $333.00
Total Credits 30
Concentrations – Healthcare Organization Management
  – Information Technology
  – Marketing Analytics

10. Southeastern Oklahoma State University

Southeastern Oklahoma State University (SOSU) offers an online Master of Business Administration (MBA) program through its John Massey School of Business. The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and is ranked #16 among the best affordable AACSB online MBA programs.

The MBA program is designed to provide students with a comprehensive understanding of business concepts and strategies, preparing them for various leadership roles.

Location Durant, Oklahoma
Accreditation AACSB International
Tuition $337.00
Total Credits 36
Concentrations – General Business
  – Women in Leadership
  – Accounting
  – Aerospace Logistics
  – Data Analytics
  – Entrepreneurship
  – Finance
  – Health Care Information Systems
  – Human Resources
  – Management
  – Marketing
  – Native American Leadership
  – Project Management
  – Safety
  – Strategic Communication

The changing landscape of MBA education in 2024 emphasizes accessibility and affordability. Gone are the days of hefty tuition fees limiting access to top-tier business schools. The “Cheap and Affordable MBA” is not just a cost-saving measure; it signifies a strategic investment in personal and professional growth.

This shift opens doors for learners to experience high-quality education without financial constraints. In this new era, pursuing an MBA aligns seamlessly with fiscal sensibility, offering an empowering journey for individuals aiming to elevate their careers while ensuring a sound return on investment.